3D map investment from Strava


Strava, the social community platform that enables GPS tracking of leading activities such as cycling, running, swimming and skiing, which is the favorite of sports lovers worldwide, has acquired Fatmap, a European company that creates a high-resolution 3D global mapping platform. Details of the deal were not disclosed.

150 MILLION DOLLARS INVESTMENT COLLECTED

Established in 2009 to support and track sports and outdoor activities, Strava, which has become popular day by day, has raised $150 million in investments since its inception with big-name backers, including the respected Silicon Valley investor Sequoia Capital. had not engaged in the acquisition activity. The company bought injury prevention app Recover Athletics last May. In 2021, he states that he also bought the online athlete community Prokit.

IT WILL BE AN INTEGRATED APPLICATION

Strava’s long-term plan for Fatmap, which has 1.6 million registered users, is to integrate it into itself and run this application. Planning to benefit from Fatmap’s 3D mapping for route drawings and activity tracking, the company is working to create a single sign-on (SSO) integration in the short term, which means that subscribers can access the entire Fatmap feature set by logging into Fatmap with their Strava credentials. While Strava and Fatmap will remain separate products for now, Strava has announced that it will decide in the future whether Fatmap will live as a standalone product once the technical integration takes place.

SPECIAL MAP FOR ALL TERRAIN CONDITIONS

Fatmap, for its part, was founded ten years ago with a focus on providing high-resolution digital maps to ski resorts. In the intervening years, the company has worked with various satellite and aerospace companies to augment its platform with detailed maps of peaks, rivers, gorges, roads, huts and more, arming anyone who enters the mountainous terrain with the information they need to know exactly what to expect before they arrive.

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